Uncertainty and Fuzzy Decisions

Abstract

Uncertainty is the main reason that makes human free to choose. Many actions, strategies are designed to handle or reduce the uncertainty to make decision makers life easier. But there is no common accepted theory in the academia. Researchers still struggling to create a common understanding. There are theories that we may follow to make decisions under uncertainty. Among them, probability theory, fuzzy theory and evidence theory can be given. Decision problem is constructed in with the help of these theories. Fuzzy Logic and Fuzzy theory may be considered as the recent advancement and has been applied in many fields for different type of decision problems.